Canaccord Genuity Group Reiterates “Buy” Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a report released on Thursday, Marketbeat reports. They presently have a GBX 198 ($2.56) target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 14.06% from the stock’s previous close.

Separately, Shore Capital restated a “not rated” rating on shares of Wickes Group in a research report on Thursday.

Wickes Group Stock Down 4.6 %

WIX opened at GBX 173.60 ($2.24) on Thursday. Wickes Group has a fifty-two week low of GBX 130.60 ($1.69) and a fifty-two week high of GBX 186 ($2.40). The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. The company has a fifty day moving average of GBX 167.58 and a two-hundred day moving average of GBX 161.52. The stock has a market capitalization of £411.03 million, a price-to-earnings ratio of 14.03, a PEG ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX) last released its quarterly earnings data on Thursday, March 20th. The company reported GBX 14.10 ($0.18) earnings per share for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. On average, research analysts expect that Wickes Group will post 16.2278978 earnings per share for the current year.

Wickes Group Company Profile

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.